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Median Age for First-Time Homebuyers Hits Record 40 Years

Veteran real estate agents note that starter homes have become a luxury as homeownership costs outpace entry-level job market earnings.

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Terms & Concepts
  • Median Age: The middle value in a data set, indicating that half of first-time homebuyers are younger and half are older than this age.
  • Starter Home: A typically smaller and more affordable house intended for first-time buyers.